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Jobless Rate Rises to 9.8 Percent, Highest Since April(edited)

Conservative

Conservative

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How is that hope and change working out for you? Why does anyone buy the rhetoric from this Administration?

The recession ended in June 2009 and yet today we have higher unemployment each month of 2010 than we had in 2009, the last year of the recession? Are the remaining Obama supporters ever going to admit they have been duped by the rhetoric of this empty suit?

Jobless Rate Rises to 9.8 Percent, Highest Since April - FoxNews.com
 
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Jobless Rate Rises to 9.8 Percent, Highest Since April

Jobless Rate Rises to 9.8 Percent, Highest Since April - FoxNews.com

The nation's jobless rate rose to 9.8 percent in November, the highest since April, as the latest data showed employers hiring at a slower pace and the number of long-term unemployed staying about constant...

Many economists had predicted the addition of nearly 150,000 jobs in November. But the report showed employers added just 39,000, a sharp decline from the 172,000 created in October. The weakness was widespread. Retailers, factories, construction companies, financial firms and the government all cut jobs last month...

The jobless rate has now topped 9 percent for 19 straight months, the longest stretch on record...

Another grim figure: There was a record 1.3 million "discouraged" workers in November. Those are persons not currently looking for work because they believe no jobs are available to them.
Click to expand...


And the Obama economic recovery rolls along...
 
Re: Jobless Rate Rises to 9.8 Percent, Highest Since April

Sorry.... can a mod merge this with CONSERVATIVE's thread please? Thanks
 
Re: Unemployment rate hits 9.8%. Hope and Change?

I wasn't aware that we were not still in a recession. The high unemployment would suggest that we are. Also, no one actually expected things to change overnight, not even the most staunch supporters of Obama. Hope and change are pretty good. If anything, we want more hope and more change. The main criticism by Obama's supporters is that he's not doing enough, not that the things he's doing are wrong.

So yes, hope and change are infinitely preferable to repression and fear.
 
Re: Unemployment rate hits 9.8%. Hope and Change?

Conservative said:
How is that hope and change working out for you? Why does anyone buy the rhetoric from this Administration?

The recession ended in June 2009 and yet today we have higher unemployment each month of 2010 than we had in 2009, the last year of the recession? Are the remaining Obama supporters ever going to admit they have been duped by the rhetoric of this empty suit?

Jobless Rate Rises to 9.8 Percent, Highest Since April - FoxNews.com
Click to expand...

Well, in all fairness he did increase the size, scope, and power of the federal government. The economic situation we've experienced was simply an excuse to do so. Any real american liberal/leftists knows this. So, no, no one was actually duped, except for some of the independents who actually believed his campaign promises and put him into office in the first place. It's really quite amazing just how easy it is to pull one over on political neophytes.
 
Re: Unemployment rate hits 9.8%. Hope and Change?

Paschendale said:
The main criticism by Obama's supporters is that he's not doing enough, not that the things he's doing are wrong.
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Really? His supporters think he hasn't done enough? ya think, Captain Obvious???

The main criticism by his detractors is that he's tried to do too much, and that the things he's doing are wrong.
 
Re: Unemployment rate hits 9.8%. Hope and Change?

Paschendale said:
I wasn't aware that we were not still in a recession. The high unemployment would suggest that we are. Also, no one actually expected things to change overnight, not even the most staunch supporters of Obama. Hope and change are pretty good. If anything, we want more hope and more change. The main criticism by Obama's supporters is that he's not doing enough, not that the things he's doing are wrong.

So yes, hope and change are infinitely preferable to repression and fear.
Click to expand...

....and yet we have a central government that is; larger, more powerful, and more intrusive than ever before. This isn't the kind of "change" and "hope" I would have supported, but then, I'm not an american liberal/leftist. But then, I know socialist societies generally do tend to rob their peoples of their individual liberties.
 
Re: Unemployment rate hits 9.8%. Hope and Change?

Paschendale said:
I wasn't aware that we were not still in a recession. The high unemployment would suggest that we are. Also, no one actually expected things to change overnight, not even the most staunch supporters of Obama. Hope and change are pretty good. If anything, we want more hope and more change. The main criticism by Obama's supporters is that he's not doing enough, not that the things he's doing are wrong.

So yes, hope and change are infinitely preferable to repression and fear.
Click to expand...

NBER says we are out of the recession and economic growth indicates that we are out of the recession but it is a jobless recovery and that jobless recovery is due to Obama economic policies that do not promote private sector growth.

Thanks for confirming that rhetoric trumps results in your world. Take that rhetoric to the grocery store with you to buy for the family? How has that message affected world and economic results? Why is it in your world that actual results are ignored and you continue to buy the rhetoric?
 
Re: Unemployment rate hits 9.8%. Hope and Change?

Conservative said:
How is that hope and change working out for you? Why does anyone buy the rhetoric from this Administration?

The recession ended in June 2009 and yet today we have higher unemployment each month of 2010 than we had in 2009, the last year of the recession? Are the remaining Obama supporters ever going to admit they have been duped by the rhetoric of this empty suit?

Jobless Rate Rises to 9.8 Percent, Highest Since April - FoxNews.com
Click to expand...

Unemployment is a lagging indicator; but none the less our situation fits the definition of a "jobless recovery".
 
Re: Unemployment rate hits 9.8%. Hope and Change?

So, none of the policies are bad, you just don't like them because the government does them? And who cares what some think tank says. That's the rhetoric. The results are that people are still out of work, still losing their homes, and still losing their retirements and savings.

Seriously, other than saying my opinion doesn't count, what's the meat of your point? If the problem is improving, which we both say it is, then I'm glad of it. The argument here, as far as I can see, is whether or not 9.8 counts as recession. I think it does. You don't. And there's 4 posts calling me an idiot for disagreeing about a term. Bravo.

Since the core of this thread is nasty and a criticism of an ideology, and you clearly do not understand that ideology, it's rather silly of you to attempt to criticize in this manner. Everything you accuse me of is an equally fair criticism of you. If you want to talk facts, we can talk facts. But I try to avoid mud slinging, so I am going to leave this thread and not return.
 
Re: Unemployment rate hits 9.8%. Hope and Change?

Paschendale said:
So, none of the policies are bad, you just don't like them because the government does them? And who cares what some think tank says. That's the rhetoric. The results are that people are still out of work, still losing their homes, and still losing their retirements and savings.

Seriously, other than saying my opinion doesn't count, what's the meat of your point? If the problem is improving, which we both say it is, then I'm glad of it. The argument here, as far as I can see, is whether or not 9.8 counts as recession. I think it does. You don't. And there's 4 posts calling me an idiot for disagreeing about a term. Bravo.

Since the core of this thread is nasty and a criticism of an ideology, and you clearly do not understand that ideology, it's rather silly of you to attempt to criticize in this manner. Everything you accuse me of is an equally fair criticism of you. If you want to talk facts, we can talk facts. But I try to avoid mud slinging, so I am going to leave this thread and not return.
Click to expand...

someone needs a cookie and a nap.
 
Re: Unemployment rate hits 9.8%. Hope and Change?

Goldenboy219 said:
Unemployment is a lagging indicator; but none the less our situation fits the definition of a "jobless recovery".
Click to expand...

A "jobless recovery" might be part of that hopeychangey thing but the "debt recovery" situation remains far hopey and and will probably not changey.

This poor bugger is still thinking of himself as "present" rather than President. Even with a majority in power he still can't decide what to do about a simple issue like tax rates.

It was a perfect storm, from an unpopular former president to a weak Republican candidate, that got this buffoon elected. Let's just hope he doesn't do to much damage in his remaining two years in office.
 
Re: Unemployment rate hits 9.8%. Hope and Change?

Goldenboy219 said:
Unemployment is a lagging indicator; but none the less our situation fits the definition of a "jobless recovery".
Click to expand...

This unemployment is really lagging, well over a year after the recession ended the unemployment is higher on a month to month basis this year than last. Any idea why? I do but let's see if you finally come to the right conclusion.
 
Re: Unemployment rate hits 9.8%. Hope and Change?

Conservative said:
This unemployment is really lagging, well over a year after the recession ended the unemployment is higher on a month to month basis this year than last. Any idea why? I do but let's see if you finally come to the right conclusion.
Click to expand...

It's all Dubya's fault, right? :ninja:
 
Re: Unemployment rate hits 9.8%. Hope and Change?

Paschendale said:
So, none of the policies are bad, you just don't like them because the government does them? And who cares what some think tank says. That's the rhetoric. The results are that people are still out of work, still losing their homes, and still losing their retirements and savings.

Seriously, other than saying my opinion doesn't count, what's the meat of your point? If the problem is improving, which we both say it is, then I'm glad of it. The argument here, as far as I can see, is whether or not 9.8 counts as recession. I think it does. You don't. And there's 4 posts calling me an idiot for disagreeing about a term. Bravo.

Since the core of this thread is nasty and a criticism of an ideology, and you clearly do not understand that ideology, it's rather silly of you to attempt to criticize in this manner. Everything you accuse me of is an equally fair criticism of you. If you want to talk facts, we can talk facts. But I try to avoid mud slinging, so I am going to leave this thread and not return.
Click to expand...

Who exactly are you responding to? So if none of the policies are "bad" then why are the results bad since he and his Administration are the govt?

My point is if you spend a couple trillion dollars and get these kind of results you would be fired and that is what should happen to Obama. All Obama did was increase unemployment and the debt for his trillions in spending and that doesn't bode well for anyone.

I have always supported rhetoric until the results don't support the rhetoric and that is where you should be. How long is it going to take you to accept that you voted for someone who would unqualified experience wise to be President and has implemented an economic policy that has made economic growth and job creation almost impossible.

I am more than willing to discuss facts so please for the first time offer some.
 
Re: Unemployment rate hits 9.8%. Hope and Change?

Grant said:
A "jobless recovery" might be part of that hopeychangey thing but the "debt recovery" situation remains far hopey and and will probably not changey.
Click to expand...

Try and pay attention: A jobless recovery occurs when GDP growth continues at a slow pace (which can be observed by the rate of inflation).
 
Re: Unemployment rate hits 9.8%. Hope and Change?

Whovian said:
It's all Dubya's fault, right? :ninja:
Click to expand...

:rofl yep, no question about it, it is all Bush's fault except Boo keeps telling us that Presidents have no impact on the economy.
 
Re: Unemployment rate hits 9.8%. Hope and Change?

Goldenboy219 said:
Try and pay attention: A jobless recovery occurs when GDP growth continues at a slow pace (which can be observed by the rate of inflation).
Click to expand...

I gave you the bls.gov link that shows unemployment throughout history. You can go back to any recession in U.S. history and go a year after that recession ended and check out the unemployment month to month. It is all about economic policy and this President's economic policy is a disaster.
 
Re: Unemployment rate hits 9.8%. Hope and Change?

Goldenboy219 said:
Try and pay attention: A jobless recovery occurs when GDP growth continues at a slow pace (which can be observed by the rate of inflation).
Click to expand...

Thanks for that!

So all that joblessness is actually good news, right?
 
Re: Unemployment rate hits 9.8%. Hope and Change?

Conservative said:
This unemployment is really lagging, well over a year after the recession ended the unemployment is higher on a month to month basis this year than last. Any idea why? I do but let's see if you finally come to the right conclusion.
Click to expand...
Top III:

1.) Consumer deleveraging. Increased saving (which includes paying down debt) reduces the aggregate level of consumption.

2.) Bouts of deflation. Asset volatility has affected the psychology of buyers and sellers. Irrational exuberance often causes people to view short term valuations from a shaded lens, which is kind of understandable, but none the less is counterintuitive.

3.) Lack of business investment. Investment in equipment and software took a major tumble in Q4 2008, and has yet to hit pre-crisis levels.
 
Re: Unemployment rate hits 9.8%. Hope and Change?

Conservative said:
I gave you the bls.gov link that shows unemployment throughout history. You can go back to any recession in U.S. history and go a year after that recession ended and check out the unemployment month to month. It is all about economic policy and this President's economic policy is a disaster.
Click to expand...

Unlike you, i believe the private sector creates long term job growth. The president's economic policy has an indirect affect; only a blind obedient to ideology would state that his policy has been anything but stimulative.
 
Re: Unemployment rate hits 9.8%. Hope and Change?

Grant said:
Thanks for that!

So all that joblessness is actually good news, right?
Click to expand...

Care to show where i stated anything of the sort?
 
Re: Unemployment rate hits 9.8%. Hope and Change?

Goldenboy219 said:
Top III:

1.) Consumer deleveraging. Increased saving (which includes paying down debt) reduces the aggregate level of consumption.

2.) Bouts of deflation. Asset volatility has affected the psychology of buyers and sellers. Irrational exuberance often causes people to view short term valuations from a shaded lens, which is kind of understandable, but none the less is counterintuitive.

3.) Lack of business investment. Investment in equipment and software took a major tumble in Q4 2008, and has yet to hit pre-crisis levels.
Click to expand...

So then the way to increase economic activity and create jobs is to raise taxes on the rich? Now why would any business invest not knowing the cost of that investment due to Obama policies? Get your nose out of the economics book and get out into the real world talking to actual business owners.
 
Re: Unemployment rate hits 9.8%. Hope and Change?

Goldenboy219 said:
Unlike you, i believe the private sector creates long term job growth. The president's economic policy has an indirect affect; only a blind obedient to ideology would state that his policy has been anything but stimulative.
Click to expand...

LOL, yep, that indirect affect on the economy led to more than 4 million more unemployed, 3 trillion added to the debt, and uncertainty on the part of businesses as to their costs going forward. Yep, that hope and change is sure working out perfectly. You are right, spending all that money hasn't been stimulative, so why was it done in the way it was spent?
 
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